Richelieu Gestion SA Has $243,000 Stock Holdings in Sunrun Inc. (NASDAQ:RUN)

Richelieu Gestion SA raised its position in Sunrun Inc. (NASDAQ:RUN) by 32.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,585 shares of the energy company’s stock after purchasing an additional 3,333 shares during the period. Richelieu Gestion SA’s holdings in Sunrun were worth $243,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RUN. Vanguard Group Inc. increased its stake in shares of Sunrun by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 18,530,332 shares of the energy company’s stock valued at $511,252,000 after acquiring an additional 375,166 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in Sunrun by 7.8% during the 1st quarter. Orbis Allan Gray Ltd now owns 13,168,939 shares of the energy company’s stock valued at $265,354,000 after purchasing an additional 953,877 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Sunrun by 64.2% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,514,410 shares of the energy company’s stock valued at $232,015,000 after purchasing an additional 4,501,071 shares in the last quarter. Moneta Group Investment Advisors LLC grew its stake in shares of Sunrun by 99,711.8% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,455,287 shares of the energy company’s stock worth $251,136,000 after acquiring an additional 10,444,812 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Sunrun by 13.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 8,403,578 shares of the energy company’s stock worth $169,332,000 after acquiring an additional 1,015,603 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RUN. KeyCorp reduced their target price on shares of Sunrun from $27.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, August 17th. Barclays reduced their target price on shares of Sunrun from $31.00 to $27.00 in a research note on Thursday, July 13th. Janney Montgomery Scott upgraded shares of Sunrun from a “neutral” rating to a “buy” rating in a research note on Thursday, August 3rd. Piper Sandler upped their target price on shares of Sunrun from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, Citigroup raised shares of Sunrun from a “neutral” rating to a “buy” rating and cut their price target for the stock from $25.00 to $21.00 in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.60.

Insider Buying and Selling

In other Sunrun news, insider Jeanna Steele sold 2,233 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $15.15, for a total transaction of $33,829.95. Following the transaction, the insider now directly owns 249,953 shares in the company, valued at $3,786,787.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Sunrun news, insider Jeanna Steele sold 2,233 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $15.15, for a total transaction of $33,829.95. Following the transaction, the insider now directly owns 249,953 shares in the company, valued at $3,786,787.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mary Powell sold 1,744 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $15.79, for a total transaction of $27,537.76. Following the transaction, the chief executive officer now owns 410,900 shares in the company, valued at $6,488,111. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,285 shares of company stock worth $890,613. Insiders own 3.76% of the company’s stock.

Sunrun Price Performance

Shares of Sunrun stock traded down $0.72 on Monday, reaching $14.34. The stock had a trading volume of 4,144,922 shares, compared to its average volume of 9,073,338. Sunrun Inc. has a 1 year low of $13.30 and a 1 year high of $37.92. The company has a market cap of $3.11 billion, a P/E ratio of 39.63 and a beta of 2.32. The company has a current ratio of 1.47, a quick ratio of 0.91 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $17.02 and its two-hundred day moving average is $18.26.

Sunrun (NASDAQ:RUN) last posted its quarterly earnings data on Wednesday, August 2nd. The energy company reported $0.25 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.59. The company had revenue of $590.20 million for the quarter, compared to analysts’ expectations of $627.73 million. Sunrun had a net margin of 3.66% and a return on equity of 1.18%. Sunrun’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.06) earnings per share. As a group, research analysts anticipate that Sunrun Inc. will post -0.88 EPS for the current year.

Sunrun Company Profile

Sunrun Inc engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.